Samedo Court Ref 898

898

Property ID

147 Sqm

Size

3

Bedrooms

1.5

Bathrooms

Description

Great Investment opportunity! Samedo Court is located on Wyndcliff Road in Lorentzville.

The building is very well maintained and managed with little arrears, security and insurance.

An opportunity not to be missed.

Number of flats in building: 7.

Size: 147 sqm.

Levy: R 3260.00 pm. Managed by City Accommodations 011 720 5334

Original three-bedroom unit. The flat has a bathroom consisting of a shower, bath, basin and toilet. There is also an additional separated toilet. The kitchen is equipped with a working geyser. The unit is very spacious and neat.

The current owner is receiving R6 000.00 p.m. as they are renting to family. According to rental managers in the area a rental income of between R6 500.00 pm and R7 500.00 pm can be achieved, if the property is upgraded to their specifications.

The unit is in a good condition and requires some paint work and minimal touch-ups. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate, 6 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
Police – SAPS Emergency Yeoville 0.57 km.
Engen Services Yeoville 0.77 km.
Yeoville Boys Primary School Education Yeoville 0.77 km.

Calculation:

Purchase with Bond (90%):

 

R330 000.00 Bond at 7.25% =R 2 347.00 p.m.
Monthly Levy =R 3 260.00 p.m.
Rental Management fee (if applicable) =R 862.50 p.m.
Total R 6 469.50 p.m.


R 7 500.00 rental income – R 6 469.50 expenses = R 1 030.50 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 3 260.00 p.m.
Rental Management fee (if applicable) =R 862.50 p.m.
Total R 4 122.50 p.m.                      


R 7 500.00 rental income – R 4 122.50 expenses = R 3 377.50 Cashflow positive.

Gross Yield: 27% at R 7 500.00 rental income and R 330 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 10 Wyndcliff Road, Lorentzville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 898
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 3
  • Bathrooms 1.5
  • Size 147 Sqm
  • Label Invest
  • Number of flats in building: 7

Contact

Ian

Property Agent
reception@mamela.co.za
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